Avalonbay communities, inc. announces first quarter 2022 operating results and second quarter and full year 2022 financial outlook

Arlington, va.--(business wire)--avalonbay communities, inc. (nyse: avb) (the “company”) reported today that net income attributable to common stockholders for the three months ended march 31, 2022 was $262,044,000. this resulted in an increase in earnings per share – diluted (“eps”) for the three months ended march 31, 2022 of 83.3% to $1.87 from $1.02 for the prior year period, primarily attributable to an increase in gain on sale of real estate and an increase in same store residential noi,
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